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Exploring the Rise of Mortgage Borrowing Among Older Americans

Collins, J. Michael - 2020

3.6 million more older American households have a mortgage than 2000, contributing to an increase in mortgage usage … for the rise in mortgage borrowing among the elderly over the past 35 years and its consequences. A primary factor is an … increased mortgage borrowing trends. Rising mortgage borrowing provides older households with increased liquid saving, but it …

Persistent link: https://www.econbiz.de/10012852623

Housing Debt and Elderly Housing Tenure Choices

Bian, Xun; Lin, Zhenguo (Len) - 2022

implications. They not only point to a linkage between housing and mortgage/rental markets but also help to explain the limited … size of the U.S. reverse mortgage market …

Persistent link: https://www.econbiz.de/10013307412

Home equity in retirement

Nakajima, Makoto; Telyukova, Irina A. - 2019

Retired homeowners dissave more slowly than renters, which suggests that homeownership affects retirees' saving decisions. We investigate empirically and theoretically the life-cycle patterns of homeownership, housing and nonhousing assets in retirement. Using an estimated structural model of...

Persistent link: https://www.econbiz.de/10012198364

Reverse mortgage loans: a quantitative analysis

Nakajima, Makoto; Telyukova, Irina A. - Federal Reserve Bank of Philadelphia - 2014

Supersedes Working Paper 13-27. Reverse mortgage loans (RMLs) allow older homeowners to borrow against housing wealth …

Persistent link: https://www.econbiz.de/10010930296

Household Income Sharing, Joint Consumption and the Expenditure Patterns of Australian Retired Couples and Single People

Bradbury, Bruce - 1997

What level of household income is required so that a household member will have the same level of consumption as when living alone? The answer to this question depends on the extent to which household income is directed towards the consumption needs of the particular person, together with the...

Persistent link: https://www.econbiz.de/10014142117

Why Are Older Women Missing in India? The Age Profile of Bargaining Power and Poverty

Calvi, Rossella - 2018

Almost half of missing women in India are of post-reproductive ages. I show that intra-household gender inequality and gender asymmetry in poverty can account for a substantial fraction of these missing women. Using a natural experiment, I link women's intra-household bargaining power to their...

Persistent link: https://www.econbiz.de/10012917579

Well-being of older people in East Asia : the People's Republic of China, Japan, and the Republic of Korea

Ichimura, Hidehiko; Lei, Xiaoyan; Lee, Chulhee; Lee, Jinkook - 2024

East Asia is undergoing a rapid demographic transition and "super" aging. As a result of steadily decreasing fertility and increasing life expectancy, older people's proportion of the population and the old-age dependency ratio is rising across all countries in East Asia, particularly in the...

Persistent link: https://www.econbiz.de/10015076365

Economic effects of healthy ageing : functional limitation, forgone wages, and medical and long-term care costs

Okamoto, Shohei; Sakamoto, Haruka; Kamimura, Kazuki; … - In: Health economics review 13 (2023) 1, pp. 1-14

This study aims to estimate the potential economic benefts of healthy ageing by obtaining estimates of the economic losses generated by functional limitations among middle-aged and older people. Utilising two data sources retrieved from nationally representative samples of the Japanese people,...

Persistent link: https://www.econbiz.de/10014500351

The standard portfolio choice problem in Germany

Huck, Steffen; Schmidt, Tobias; Weizsäcker, Georg - 2014

We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable...

Persistent link: https://www.econbiz.de/10010413601

Old age savings and house price shocks

McGee, Rory - 2021

Elderly households hold most of their wealth in housing, maintain high levels of wealth throughout retirement, and often leave bequests. The value of their houses are subject to large shocks. To what extent do these shocks affect their savings, consumption, and bequests? Answering this question...

Persistent link: https://www.econbiz.de/10012705128